Indian shares may open flat due to escalating U.S.-China trade tensions. WTO warns of deteriorating global trade outlook. Expectations of rate cuts by RBI and U.S. Fed may provide some support. Sensex and Nifty saw modest gains, rupee strengthened against the dollar. Foreign investors continued to buy shares, while domestic investors sold. Asian markets slightly up following Japan-U.S. trade progress. Dollar on track for fourth straight weekly loss, gold slips from record high. WTI crude rises on U.S. sanctions on Chinese refinery. U.S. stocks decline on trade tension concerns and Fed Chair Powell’s comments. U.S. retail sales beat expectations, industrial output declines. European stocks mixed amid trade tensions and export restrictions.

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